Shingi_Lesetedi

Shingi_Lesetedi

A+ Setup complete. Structure Broken Structure Retested 50ema rejected 5:1 RR

Shingi_Lesetedi Updated 

Price bounced off of a key daily resistance zone. We're waiting to see if price breaks the channel and possibly retests it for a short trade. If not price will test the highs again before rolling over. RSI divergence tells us to keep any eye out for a good short.

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Now presents a good opportunity to buy oil targeting the channel highs. We already have a long wick candle rejecting our mirror level that should serve as support. Stops can be a few pips below the mirror level or below the origin of breakout.

Shingi_Lesetedi Updated 

Price has reached a very clear resistance zone which price reacted to multiple times. If bears are still dominant in the zone we should see rejection and or momentum candlesticks to the downside. This will provide a decent short opportunity.

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Trend line has been broken and retested with long wick candles. The current price point provides a good low risk buy trade to the last key resistance zone. Wider stops will reduce chances of being stopped out in this volatile metal but will compromise RR. Use your own discretion.

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Waiting for a breakout of the wedge pattern for a long trade. Confluence factors: Momentum shift on pattern break Key support zone reached RSI divergence

Shingi_Lesetedi Updated 

Buy on candle close or wait for a pullback entry.

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Overall monthly trend is down. Price is at key resistance zone and showing signs of bull momentum loss. A clear break and close below the double top neckline will give a short opportunity. RSI rolling over as well.

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We might get a good buy opportunity if price reaches the green support zone and trendline. Until then wait for price to show where it will go. Very little movement from GBP lately.

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To support the previous idea we also have a bearish gartley pattern that aligns with our support and resistance levels drawn in.

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Price has reacted to a daily resistance level and broken a support trendline. We are now seeing what might be a retest before price continues lower. Stops a few pips above the swing high incase we get an aggressive stop hunt. Targeting extreme daily range lows for good Risk Reward. We also have RSI Divergence from the last two highs of the uptrend as additional confluence.

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Price has reacted to a key daily resistance level and is possibly beginning to roll over. Head and Shoulders pattern is near completion as well. Either short from previous shoulder high or wait for neckline break.

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The best place to short this pair is marked by the mirror level resistance. It would be best to see a rejection at this zone as well as the 50ema. Trade back to the last swing low.

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Head and Shoulders pattern complete. Waiting for a neckline break and possible retest of key mirror level before targeting next key support area.

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Price is at mirror level + we have a perfect gartley pattern. Ideal entry now with 2:1 RR Beware of stop hunts!

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NZDJPY is in a very strong bearish trend and is currently ranging between 69.500's and 66.800's. Trading in favour of the trend we are looking to go short at the resistance indicated provided price action confirms or looking to short at the red box area.

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Price has broken into a strong bullish trend and is approaching a key resistance zone. A counter trend trade can be taken to trade the retracement but ideally if price retraces to the 38.2% fib level and the mirror support we can expect a rally back to the resistance level 0%

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Price has reached weekly resistance key zone and has rejected with a nice downward facing pinbar. Price is also at channel resistance giving us a good high reward short opportunity with stops above the pin. Targets will be the support marked in green and maybe even the demand zone below it.